53216 — Milwaukee County, Wisconsin Market Snapshot
Housing market data for zip code 53216 in Milwaukee County, Wisconsin. Updated monthly with median prices, days on market, and more.
Market Sales Data
66 sales in 2026 (year to date)
Median Sale Price
$173,050
Days to Sell
36
Homes Sold
66
Inventory
65
Sale-to-List
97.8%
New Listings
108
Price/SqFt
$126
Pending Sales
87
Conforming Loan Available
Most homebuyers in 53216 can comfortably use conventional financing. The median home price of $173,050 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
53216's market is balanced with homes taking an average of 36 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 53216 sells for 2.2% below asking price (97.8% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 53216 can comfortably use conventional financing. The median home price of $173,050 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 53216 are set at the county level.
2026 Loan Limits — Milwaukee County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 53216
To purchase the median home at $173,050 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,476.
Monthly Payment
$1,476
Income Required
$63,251
Principal & Interest
$1,066/mo
Down Payment (5%)
$8,653
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 53216.
Estimated Monthly Payment
$1,221
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